Top 10 Stocks to Buy According to Balyasny Asset Management

3. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders as of Q4: 162

Balyasny Asset Management’s Equity Stake: $413.59 Million 

Salesforce, Inc. (NYSE:CRM), a prominent cloud-based software provider, has encountered some hurdles in 2025 despite its long-standing reputation for innovation and strong market presence. To address evolving business needs, the company recently launched Agentforce 2dx, an advanced AI-powered solution designed to improve customer and employee workflows.

Investor confidence in Salesforce, Inc. (NYSE:CRM) remains strong, as evidenced by an increase in hedge fund participation, which rose from 116 firms in Q3 2024 to 162 in Q4. This growing interest reflects optimism about the company’s long-term prospects, particularly as it expands into new markets. On March 12, Salesforce announced a $1 billion investment in Singapore over the next five years, aimed at accelerating digital transformation and advancing AI adoption. This initiative is particularly significant given Singapore’s slowing labor force growth due to demographic challenges.

In its latest financial report, Salesforce, Inc. (NYSE:CRM) delivered a strong performance for fiscal year 2025, which ended in January. The company reported a total revenue of $37.9 billion, reflecting a 9% year-over-year increase. Additionally, its total remaining performance obligation (RPO), a key indicator of future revenue, rose by 11% to $63.4 billion. Free cash flow also saw significant growth, increasing by 31% to $12.4 billion, demonstrating the company’s ability to generate substantial cash reserves while continuing to invest in AI and cloud computing.

Looking ahead, Salesforce, Inc. (NYSE:CRM) projects adjusted earnings per share between $11.09 and $11.17 for fiscal 2026, with anticipated revenue ranging from $40.5 billion to $40.9 billion, representing a 7.4% increase. However, these projections fall slightly below analysts’ expectations of $11.18 per share in earnings and $41.35 billion in revenue, leading to some concerns about the company’s growth trajectory. Despite this, Salesforce’s continued investment in AI, strategic global expansion, and strong institutional backing position it for long-term success. With its commitment to innovation and a growing footprint in emerging markets, Salesforce, Inc. (NYSE:CRM) remains a key player in the evolving cloud and AI-driven technology landscape.

Parnassus Growth Equity Fund stated the following regarding Salesforce, Inc. (NYSE:CRM) in its Q4 2024 investor letter:

“Salesforce, Inc. (NYSE:CRM) reported third-quarter results that exceeded analysts’ expectations, as the integration of AI technology across the customer relationship management software company’s product offerings has driven robust growth in new deals.”